The next-generation VolvoS60 saloon - to be revealed very soon - will be the first Volvo to be produced without a diesel engine, the company has confirmed.

The Swedish brand has said that the S60 will be offered with a series of four-cylinder petrol engines and two plug-in hybrids when released later this year, while mild-hybrid options will come in 2019.

"Our future is electric and we will no longer develop a new generation of diesel engines", said Håkan Samuelsson, president and chief executive of Volvo Cars. The announcement represents the company's latest step towards an electrified future.

Past year the vehicle maker also committed to offering some form of electrified powertrain with every new model range from 2019.

"Diesel will be much more complicated for more consumers, and much more expensive, too" Samuelsson said to the FT.

Volvo has announced plans to ultimately phase out diesel engines from its entire lineup.

Meanwhile, Fiat Chrysler Automobiles will cease to offer diesel versions for its Alfa Romeo, Fiat, Jeep and Maserati brands by 2022, as chief executive Sergio Marchionne sees hybrid vehicles as the way to meet goals on Carbon dioxide reduction - with diesel sales unlikely to recover.

As for the auto itself, the new-gen Volvo S60 sedan is based on the company's versatile Scalable Product Architecture (SPA), which now also underpins SUV and Estate cousins - the new XC60 and V60. Production of the new S60 will start this fall at Volvo Cars' new manufacturing facility in the U.S. state of SC.

As well as market trends in Europe, the decision also reflects the key target market for the S60: the United States, where diesel accounts for a small percentage of sales.

A switch away from diesel cars could cause problems for authorities trying to meet Carbon dioxide emissions targets, as petrol cars typically emit more Carbon dioxide. However, the company had not disclosed what would happen to its diesel offerings.

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